One of the most controversial investment instruments of recent years. about cryptocurrencies A remarkable development has taken place. A study has revealed key findings about why the cryptocurrency world has been declared a ‘scapegoat’. Known for its analysis of blockchain technologies, Chainalysis”Report on crypto crimes“Binance revealed striking facts.

According to Binance’s figures, 0.6% of all cryptocurrency transactions in 2020 were illegal transactions. This rate dropped to 0.15% in 2021. These illegal transactions 14 billion dollars The report, stating that it has a large number of transactions, is actually compared to traditional financial data and that illegal crypto currency transactions are camel ear showed he stayed.

Illegal transactions in banks and other financial institutions amount to $2 trillion

The same report averages 2 per year above banks and other traditional finance companies. trillion dollars Illegal trading is taking place. This figure corresponds to 5 percent of gross world product. The data shared in the Crypto Crimes Report is compared to traditional financial systems in terms of illegal transactions of the cryptocurrency world. more innocent revealed that. Of course, these $14 billion transactions must be prevented somehow.

So why is it more visible even though there is less crime being committed in the cryptocurrency world?

According to Binance, the low level of illegal transactions in the cryptocurrency world transparent structure thanks to it. Tracking the transactions one by one helps to understand where the illegally obtained money comes from, where it is sent and in how many parts. As a result, there are both criminals and complaints are resolved.

This transparency creates a negative perception of the cryptocurrency world on the media side. Because blockchain technology is public and traceable, the media also make more news. According to Binance, criminals and illicit transactions in the crypto world make up a small portion of global transactions, especially when compared to traditional finance, but the transparency of the technology may create a false impression that there is much more illicit activity than previously thought.

Binance Conducts Special Investigations for Detecting Crimes Committed via Cryptocurrencies!

In a news report we shared with you last week, the U.S. Commodity Futures Trading Commission (CFTC) while Binance and Binance boss sued CZ we talked about. CZ issued a statement on the events, explaining how Binance is cooperating with law enforcement around the world: Binance is cooperating with law enforcement in both the US and other countries. As a result of a detailed assessment of 55,000 requests received in 2022 $125 million We have achieved a freeze/confiscation of the fund.

*This content cannot be considered investment advice.